RISKBOOK

Deutsche Bank Prepares for Subpoenas in Trump Probe
Posted on Friday July 21, 2017

Executives at Deutsche Bank expect to receive subpoenas from special counsel Robert Mueller, who is the investigating potential links between Russia and the Trump campaign, the Guardian reports. Deutsche Bank is President Trump’s largest creditor, holding $300 million of his outstanding loans, and it also handles accounts for Ivanka Trump, her husband Jared Kushner, and Kushner’s

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Treasury Department Fines Exxon Mobil Over Russia Sanctions
Posted on Friday July 21, 2017

The US Treasury Department on Thursday issued a $2 million fine against Exxon Mobil for sanctions violations that took place during Secretary of State Rex Tillerson’s tenure as the company’s CEO, USA Today reports. The violations occurred in May 2014, when the company signed eight documents with Igor Sechin, the president of the Russian oil company

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No 'Cliff Edge': Teresa May Responds to Brexit Pressure
Posted on Friday July 21, 2017

Members of parliament continue to debate the shape that Brexit will take, but Prime Minister Teresa May is facing increased pressure to come up with a clear plan soon, the Financial Times reports. Estimates suggest that financial firms will need around 18 months to move staff, set up new systems, and sort out regulatory issues if

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US, EU Police Shut Down Darkweb Marketplaces
Posted on Friday July 21, 2017

International law enforcement agencies and the US Justice Department have taken down the AlphaBay network, one of the world’s most active darkweb drug marketplaces, ZDNet reports. The site used the darkweb to hide around 250,000 listings for “illegal drugs and toxic chemicals,” as well as 100,000 listings for stolen identification documents that were sold by 40,000

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CFIUS Suspicion of Foreign Investors Grows
Posted on Friday July 21, 2017

The Committee on Foreign Investment in the United States (CFIUS) has objected to a historic high of nine attempts by foreign buyers to acquire US companies so far this year, indicating that the panel may be growing more conservative and risk averse, Reuters reports. The harder stance of CFIUS can be attributed in part to the

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Regulators Ditch Wall Street Compensation Rules
Posted on Friday July 21, 2017

Under the 2010 Dodd-Frank law, the Securities and Exchange Commission and other regulators were directed to create compensation rules for Wall Street that would curb excessive risk taking, but it appears that many regulators no longer plan to do so, the Wall Street Journal reports. The SEC, the Office of the Comptroller of the Currency (OCC),

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China Seeks to Become the Leader in AI
Posted on Friday July 21, 2017

The State Council of China has announced plans to become the world leader in artificial intelligence (AI) by 2030 and to establish a domestic industry worth $150 billion, the New York Times reports. The Chinese government’s plan is to catch up to European and US technology and facilities by 2020, create breakthroughs in key disciplines of

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Institutional Investors Push SEC to Mandate Human Capital Management Disclosures
Posted on Friday July 21, 2017

The Human Capital Management Coalition (HCMC), comprising 25 institutional investors with more than $2.8 trillion in assets under management, has asked the Securities and Exchange Commission to adopt rules requiring public companies to disclose information about their human capital management policies, practices, and performance, CFO reports. HCMC did not define any specific metrics that it wants to be reported,

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Official Reexamine Flammable Exterior Panels on NFL Stadium, Dallas Airport
Posted on Friday July 21, 2017

Flammable exterior panels may have contributed to a blaze that engulfed the Grenfell Tower in London in under five minutes, and officials are now investigating whether the panels pose a risk to buildings within the United States, the Associated Press reports. The panels are made of a Reynobond composite material with a polyethylene core, which

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Insurance Losses Low in First Half of 2017, Report Finds
Posted on Friday July 21, 2017

Global insurance losses for the first half of 2017 totaled around $22 billion, which is 35 percent lower than the average over the past 10 years and 12 percent lower than the average over the past 17 years, Insurance Journal reports. Seventy-six percent of the total losses came from the US, and most of those

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Google Reveals Hire, an Applicant Tracking System
Posted on Friday July 21, 2017

Google on Monday unveiled its new applicant tracking system called Hire, which will enable employers to integrate the applicant review process with existing Google systems like Gmail, Quartz reports. Employee tracking systems are expected to grow into a $1.5 billion industry by 2020, in large part due to changes in the labor market that will automate

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Print-at-Home Weapons a Growing Concern
Posted on Friday July 21, 2017

A new report from RAND analyzed 811 weapons listings across darkweb marketplaces and found that, while the average price for a replica weapon was around $1,200, the average cost of a CAD design to print a gun at home was just $12, Defense One reports. The lower priced print-at-home weapons only represented 11 of the items

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